Claire Jones

Adam Posen, President of the Peterson Institute for International Economics, and Claire Jones, The FT's U.S. economics editor, dive into the rising tensions between Trump and Fed Chair Jay Powell regarding interest rates. They discuss the implications of Trump's attempts to influence the Fed and the significance of preserving central bank independence. The conversation also touches on how these political maneuvers could affect economic growth and the upcoming midterms for the Democrats.

Claire Jones, the US economics editor for the Financial Times, sheds light on the recent turmoil surrounding the Federal Reserve, spotlighting Governor Lisa Cook's turbulent tenure and the intense political pressures she faces. The discussion covers the controversial allegations of mortgage fraud against a board member, raising questions about the Fed's independence. Jones also shares insights from the Jackson Hole conference, revealing how external political whispers might impact financial markets and economic stability, all punctuated by a fire alarm interruption!

Chris Giles, an economics commentator for the Financial Times, and Claire Jones, the incoming U.S. economics editor, tackle the Federal Reserve’s tightrope walk amidst President Trump's trade wars. They dissect how tariffs create inflationary pressures even as consumer prices dropped. The discussion focuses on Chair Jay Powell’s tough choices: prioritize economic growth or keep inflation in check. They also highlight the broader impacts of these decisions on everyday Americans and the Fed's cautious approach to interventions.

In this discussion, Adam Posen, President of the Peterson Institute for International Economics, and Claire Jones, The FT's U.S. economics editor, dissect the escalating tensions between President Trump and Fed Chair Jay Powell. They explore the implications of Trump's pressure for interest rate cuts and the risks to the Fed's independence. The conversation also touches on historical clashes between the presidency and the Fed, and how these dynamics affect economic stability. Plus, they analyze potential outcomes of the upcoming midterm elections on Trump-era policies.

Claire Jones, the US economics editor for the Financial Times, unpacks the surprising resilience of the American economy amidst ongoing trade tensions. She discusses the implications of paused tariffs and the evolving dynamics of U.S. relations with China and Vietnam. The concept of 'Schrödinger's tariffs' highlights the delayed effects on markets, consumer prices, and inflation. Jones also warns of a cycle where rising tariffs could lead to self-fulfilling inflation, emphasizing the broader economic implications of these trade policies.